annual fee

  

Definition

Any fee that is charged on an annual (yearly) basis. One of the most common occurrences of an annual fee is the fee that is charged by some credit card companies to their credit card holders, simply for having the credit card. This fee is charged regardless of anything else (the amount or value of purchases with the credit card, for example).

Use annual fee in a sentence

  • You should put a special section on your website that charges a small annual fee so you can get some passive income coming in.

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  • Getting people to agree to an annual fee to use your product will get you some very nice passive income always coming in.

    9 people found this helpful    
  • I realized that the purchase of the item would require an annual fee, until it was paid off, which made me a bit nervous.

    10 people found this helpful    
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